The midfielder could move on following the arrival of Ivan Rakitic, and may be joined through the exit door by the Chile winger after the club admitted receiving offers for him
Barcelona sporting director Andoni Zubizarreta has made no assurances that Xavi or Alexis Sanchez will remain at the club amid speculation over their future.
Spain midfielder Xavi has spent his entire career at Camp Nou, but talk of a move away from the Catalan club has intensified.
A host of clubs have been linked with a move for the 34-year-old and the arrival of Ivan Rakitic from Sevilla has raised more questions over the playmaker's future.
Speaking at a press conference to introduce Rakitic as a Barca player, Zubizarreta revealed that he does not know whether Xavi will prolong his stay at the club and plans to hold talks with the midfielder.
"We are talking permanently with Xavi, we spoke to him before he went to the World Cup. He also wants the time to think, that's Xavi Hernandez, he's got every right to analyse things as he wants to do,” Zubizarreta said.
"He's our player, when he comes back from his holidays we'll sit down and we'll talk again. Any news he gives us will be good.
“If he decides to stay that will be fantastic news, if he decides that it might be the time to retire then we will treat that as well as we can.
"Time will tell, he's been at the club a long time, he owes us nothing. But obviously as soon as we've come to any specific decision then we will let you know. For the time being he's still there, he's still in the team.
"Essential, is anybody essential? We are talking about one of the key members of the team who has participated in one of the great eras at this club.
"We are not talking any old player, we're talking about somebody who is very special. We've been very open with Xavi in our conversations recently, we've been very transparent about things.
"If Xavi stays here he'll be competing with others for a place in the team, but if Xavi decides to explore other options we will respect that."
The former goalkeeper was also quizzed on the future of Alexis Sanchez, who has been strongly linked with a move to the Premier League, and he admitted there had been interest in the Chile star.
"Regarding Alexis, there have been offers. We will try and find a solution best for everyone."